[Africa Prosperity Dialogue]: Africa needs modern, harmonised regulations for universal broadband coverage
MTN Group President and CEO Ralph Mupita has called for the modernisation and harmonisation of regulatory frameworks across Africa as well as the collective effort of all stakeholders to ensure that the continent can deliver universal broadband coverage by 2030.
Apparel Group aims to significantly expand Steve Madden’s footprint in the GCC, Africa, Türkiye, CIS countries and South Asia.
The Fund exceeded its first close minimum threshold, achieving 75% of its target size, and attracting institutional and commercial investors who have invested in previous Adenia funds, as well as new investors.
TradeMark East Africa has officially rebranded to TradeMark Africa (TMA) following all necessary regulatory approvals in most countries of operations across the East, Southern and Horn of Africa region.
Intellimedia Networks, a provider of technology solutions for government, educational institutions, and businesses, has announced the expansion of its operations into Africa with a new presence in Nairobi, Kenya.
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
EABC calls for an EAC single air transport services agreement to lower the cost of air transport in the region
Limited infrastructure, lack of standardized regulations and high air transport costs are among the challenges affecting the air transport sector in EAC.
The Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA), has developed a Seed Information System which will be used to measure performance of the COMESA Seed Trade Harmonization Implementation Plan (COMSHIP).
The first Grant Agreement amounting to 445 million US dollars will finance to implement/ Program for Results (hybrid) for Strengthening Primary Health Care Services. And the second 300 million US Dollars Grant Agreement will be used for the implementation of Flood Management Project.
The new card was announced will allow ZoodPay to scale its offerings and provide BNPL solutions to customers and merchants without being restricted to the ZoodPay network.
The verification team comprising of experts from the EAC Partner States shall be in Somalia from 25th January to 3rd February, 2023, to establish the country’s level of conformity with the criteria for admitting foreign countries as provided in the Treaty for the establishment of the EAC.
Agriculture deals worth multi-million dollars to be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023.
This is the first submarine cable landing in the Eastern Cape region, promising greater internet capacity and acceleration of connectivity across the province and supporting South Africa's growing digital economy.
FIFA has launched FIFA Digital Skills, an educational programme designed to develop the expertise of professionals in the global football community on all things digital, through a dedicated e-learning platform and a series of live masterclasses.
Africa50 investit dans Scanning Systems pour construire des postes de contrôle juxtaposés afin de stimuler le commerce régional et la ZLECA.
Ethiopian Airlines Group (ET) has partnered with MailAmericas (MA), a private postal operator and gold member of the consultive committee for the Universal Postal Union, to develop competitive cross border ecommerce services within Africa and the Middle East using Addis Ababa as a hub.
This marks Noodle's entry into the international market, scaling to seven countries, including the US, South Africa, Australia, England, Germany, Switzerland and Singapore.
The agreement signed at the British Embassy in Cairo, aims to strengthen and enhance the cooperation between UK Export Finance and Hassan Allam Holding to further secure inward investment into the UK and to promote cooperation on financing projects and encourage trade between the UK and Africa.
Proparco et Bic-Bred (Suisse) SA ont signé un partenariat, sous la forme d’une participation en risque dans une facilité de financement octroyée à Céréalis.
Ethiopian Airlines, the largest network operator in Africa, has announced that it has finalized all preparations to commence a new service between Addis Ababa, Ethiopia and Atlanta, USA. Ethiopian will operate a four times weekly flight to Atlanta (ATL) starting from 16 May 2023.
USAID will work with Congress to provide $50 million for the fund, the first-of-its kind private sector partnership fund dedicated to launching partnerships that leverage business capabilities and influence commercial operations to advance development objectives.
The transaction builds on a partnership with AFC that began in 2012 and has resulted in several loans from DEG, including a recent US$170 million 12-year loan in 2021.
Zenlayer, a massively distributed edge cloud services provider, and Cyxtera, a global player in data center colocation and interconnection services, have announced a partnership to bring high-performance cloud connectivity to global emerging markets
The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Program for the least developed member countries (LDMCs) affected by the COVID-19 and the food security crises.
The material used for building the tower emits less CO2 than steel, the alternative
Eutelsat bridges digital divide in Africa by providing ubiquitous and affordable connectivity services
Half a year into the pledge, Eutelsat is proud to share that the 200,000-user mark for its Konnect Wi-Fi hotspots has already been reached, a significant milestone acknowledged by the 2022 Partner2Connect Annual Report.
Through its Youth Protocol, the AfCFTA recognises that young people can play a critical role in the achievement of the free trade zone by initiating youth-led initiatives in agriculture, financial technology, IT and in the creative industry.
La Gambie rejoint le programme d'Africa50 dédié au recyclage d’actifs en signant un protocole d'accord pour la gestion et l'exploitation du « pont de la Sénégambie »
Intra-regional trade within the East African Community (EAC) is on an upward trajectory, standing at $10.17 billion in September 2022.
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
The new agreements expand existing engagements with the institutions, which already use McGraw Hill's Inspire Science, Reveal Math, and Wonders reading programs with their students.
Ghana-based Jetstream Africa, an e-Logistics platform for Africa’s exporters and importers, has raised US$13 million in a combination of debt and equity financing to help it expand.
Following years of disruption, and hampered by a lack of legacy investment into technology, West African businesses now have an opportunity to leapfrog tech adoption and leverage the cloud for rapid growth and success.
PowerSchool accelerates international expansion with plans to open first Middle East & Africa office
PowerSchool, the provider of cloud-based software for K-12 education in North America, announced its accelerated international expansion plans to open its first Middle East & Africa (MEA) Office in Dubai, United Arab Emirates (UAE).
The International Air Transport Association (IATA) and Travalyst, have joined forces with the aim of providing consumers with a consistent, accurate and widely available calculation of their carbon footprint from air travel.
Pixelogic Media signed an agreement with the Information Technology Industry Development Agency (ITIDA) to expand operations oriented to its customers outside Egypt and create over 440 new job opportunities.
In line with this strategy, Plesion Capital has announced its inaugural investment of $500,000 in Uganda-based XENO Corporation’s, XENO, $2 million seed round, which was led by Beyond Capital Ventures.
. This expansion provides Iristel a presence in Africa, as it looks to expand its wide range of communications solutions to new emerging markets.
As part of its intervention efforts in the Africa’s energy sector, FEDA has made a strategic decision to support leading energy platforms across Africa, including the renewables and transition fuels sectors.
Preliminary activities have already started, with long lead items ordered and steel cut of cryogenic tanks occurred on December 20th.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
The Managed Partnerships will see two new IWG locations open in Accra in 2023, the first being with esteemed real estate developer Radwan Damak in the Atlantic Tower 2 building, Airport City.
Cette opération qui vise à lever FCFA 78 milliards s’inscrit dans le cadre du programme triennal d’Emprunt Obligataire de la BDEAC et a pour objectif la mobilisation des fonds qui serviront à financer des projets de développement dans des secteurs aussi variés que ceux du Transport, l’Energie, l’Industrie, l’Agro-industrie, le Tourisme, la Santé, l’Education, etc
Afreximbank launches TRADAR Club, a member-driven network to transform African trade and investments
African Export-Import Bank (Afreximbank) on 15 December 2022 in Cairo operationally launched the Afreximbank TRADAR Club, a prestigious member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services.
MSC Group has confirmed that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics.
The Kenya Trade Network Agency (KenTrade) has launched an Applications Performance Monitoring tool that will help monitor and track the performance of the National Electronic Single Window System, which is also known as the Trade Facilitation Platform.
Priority trade flows into Kenya are being jointly supported by the Eastern and Southern African Trade and Development Bank (TDB) and the Arab Bank for Economic Development in Africa (BADEA), through trade finance facilities.
Ventures Platform announced a partnership with Chargel on their mission to make freight more efficient and help businesses move goods around Africa more easily and affordably.
The recent crackdown on various forms of illicit goods revealed the extent to which criminal networks have proliferated in our nation and posed a threat to the lives and safety of all citizens.
The two banks will support trade and economic integration in Africa and across a broad range of trade-enabling sectors, including helping to revive and strengthen the African aviation sector.
The Bank through its Single Digital Market (SDM) initiative aims at supporting the region to become a more deeply integrated and dynamic digital investment, innovation, and growth hub.
Kenya Airways and Saudi Arabian Airlines expand codeshare agreement to include direct Mombasa flights
The code share extension will allow seamless connections on one ticket to and from the Saudi Arabian Airlines network, including the Kingdom of Saudi Arabia and Pakistan, among other points in the Middle East, via Kenya Airways flights from Dubai to Mombasa.
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
The OPEC Fund for International Development has approved more than $500 million in new financing at the most recent meeting of its Governing Board and in the final quarter of 2022.
To date, approximately USD 700 million dollars of financing has been extended by TDB in Rwanda across several sectors including transport, namely road and aviation financing, lending to financial institutions for infrastructure, healthcare and SME projects among others, and lending for electricity generation projects.
TDB and BADEA support priority trade flows in Kenya with multiple trade finance facilities of USD 600M
Priority trade flows into Kenya are being jointly supported by the Eastern and Southern African Trade and Development Bank (TDB) and the Arab Bank for Economic Development in Africa (BADEA), through several trade finance facilities and limits of USD 600m.
ZEP-RE aims to leverage PlanetScope 3-5 meter resolution imagery through Planet’s analysis-ready, Surface Reflectance Basemaps products.
The office, which will serve as a hub for the booming African market, will be led by entrepreneur Sam Nti, who joins as director, and will include an additional four full time staff.
Telecoming, an international company specializing in sport and entertainment monetization technologies, has reached a strategic agreement with MTN Group to monetize its sports offer in 21 countries.
Bolloré Africa Logistics et le Port Autonome de Douala ont procédé à Douala, à la signature du contrat de concession du Terminal Bois du Port de Douala (TBPD).
Ortega replaces Bruno Pietracci, who has been named president of Coca-Cola's Latin America operating unit. Both changes take effect Feb. 1, 2023. Ortega will relocate to Johannesburg in 2023.
The 2022 Africa Visa Openness Index (AVOI) report shows African countries making progress in their freedom of travel policies, most of which had been severely curtailed by the Covid-19 crisis.
D Ports Group has signed a collaboration agreement with the Africa Finance Corporation the leading infrastructure solutions provider in Africa, to address infrastructure gaps across the continent.
African Securities Exchange Association (ASEA), African Development Bank launch AELP E-Platform linking seven African capital markets with $1.5 trillion market capitalization.
With global inflation spiraling out of control, every country is working harder than ever to welcome new enterprise and business. Nigeria made great progress in this in recent months.
The pogram aims at developing the executive leadership talents and competencies as well as enriching technical knowledge for the senior executives from the African banking and financial sectors by raising the efficiency of human cadres working in these sectors.
The manufacturing site is on the heels of fruitful discussions between the Egyptian government and Arçelik, a global household appliances manufacturer and a subsidiary of Koç Holding.
Over the past year, remittances have continued to be a vital source of foreign income in many developing countries across Sub – Saharan Africa, contributing significantly to changing the lives of millions of people.
African Business Roundtable, Nigeria organisent un forum qui permet de récolter plus de $2 milliards d'investissements au Nigeria.
L'African Business Roundtable, en partenariat avec le gouvernement fédéral du Nigeria, a accueilli le Nigeria International Partnership Forum à New York, en marge de l'Assemblée générale des Nations unies.
Secteur privé pourrait permettre de stimuler la croissance et créer plus d’emplois au Cameroun,Banque Mondiale
Selon un nouveau rapport publié par la Banque mondiale, le Cameroun pourrait créer de nouvelles sources de croissance économique et stimuler son développement en renforçant la participation du secteur privé dans son économie.
BDEAC lance une opération de mobilisation de ressources sur le marché financier régional de FCFA 78 milliards
Cette nouvelle opération, dénommée « BDEAC 6% Net 2022-2029 », se caractérise par un taux d’intérêt de 6% et une maturité de 7 ans arrivant à échéance en 2029.
The Board of Directors of the African Development Bank has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery.
AD Ports Group signs deal with Africa Finance Corporation to address continent's infrastructure gaps
The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa.
FedEx Express (FedEx), a subsidiary of FedEx Corp. and the world's largest express transportation company, has announced that it has established a direct commercial presence in Nigeria, to meet the country's growing international shipping demands.
This facility follows the successful execution of the Corporation’s inaugural US$140 million Kimchi loan facility in 2019, its first foray into the Korean debt market.
Le 133ème Conseil d’Administration de la BOAD autorise de nouveaux engagements pour 109,5 milliards FCFA
Après avoir approuvé le procès-verbal de la 132ème réunion, le Conseil a approuvé les perspectives financières actualisées et le projet de budget programme établis pour le quinquennat 2023-2027 de la Banque.
African Export-Import Bank (Afreximbank) has applauded the ratification by the Barbadian Parliament of the Partnership Agreement with the Bank. Barbados, one of the nine member states of the Caribbean Community (CARICOM) that have so far signed the treaty, becomes the first to ratify it.
African Business Roundtable, Nigerian Government host forum that rakes in over $2b investments into Nigeria
The African Business Roundtable in partnership with the Federal Government of Nigeria hosted the Nigeria International Partnership Forum in New York, in the sidelines of the United Nations General Assembly.
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
World Mobile is expanding its network across the African continent following a series of successful pilot tests using low earth orbit (LEO) satellites in the US and UK.
TRADE X provides auto dealers, car rental companies, fleet owners and mobility solution providers with a seamless end-to-end process for the sourcing and distribution of cross-border vehicle inventory.
The Board of Directors of the African Development Fund has approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries.
This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief .
Tantech Holdings Ltd has announced that its subsidiary, Shangchi Automobile Co., Ltd., had received a second order from Nigeria to export 6 additional fully customized midibuses within 60 days.
[Sénégal ]: Plus de 166 millions d’euros pour la construction de l’autoroute Dakar-Tivaouane-Saint Louis
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un prêt de 166,36 millions d’euros au Sénégal pour construire l’autoroute Dakar-Tivaouane-Saint Louis qui va permettre de désenclaver les régions Nord du pays.
[Column] Patrick Utomi: For AfCFTA to deliver on its promise, we must address concerns of entrepreneurs
We must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape.
This might surprise you, but Kenya is one of the global suppliers of big fashion brands in America.
Nigeria and Ghana conclude first successful transaction through the Pan-African Payment and Settlement System
PAPSS allows African importers to make real-time payments to suppliers, by eliminating the need to convert the amount to be transferred to their counterparts in a third (hard) currency first, such as US dollars or Euros.
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
The plan targets improving network energy efficiency through the increase of green power usage to replace traditional fossil fuel power.
The Ras Ghareb landing is one of several taking place in the coming months as the cable will be extended to a total of 46 locations across Africa, Europe, and Asia by the completion of the project in 2024.
Côte d’Ivoire Terminal lance officiellement les activités du nouveau terminal à conteneurs du port d’Abidjan
Côte d’Ivoire Terminal a procédé au démarrage effectif des activités commerciales du nouveau terminal à conteneurs du port d’Abidjan, avec l’accueil du navire CMA CGM ROSSINI, d’une longueur de 267 m, de 40 m de largeur et d’une capacité de 5770 Conteneurs EPV.
The partnership enables Copia's diaspora and urban customers to conveniently initiate transactions and purchases for their loved ones in rural areas in Kenya using the Cellulant network.
The agreement with Zeepay highlights ThetaRay’s expansion in the African payments market.
Lancement du plateforme AELP Link dans le cadre du projet d'intégration des marchés de capitaux africains
L'AELP a lancé la plateforme AELP Link dans le cadre du projet d’'intégration des marchés de capitaux africains qui vise à faciliter les transactions transfrontalières et la libre circulation des capitaux sur le continent africain.
GivTrade s’installe officiellement à Abidjan pour donner les meilleures solutions financières , ainsi que la construction de relations durables basées sur la confidentialité, la confiance et la transparence.
Under the terms of the MoU, Thelo DB will review each railway project from a technical perspective and provide technical solutions. Afreximbank will consider the diagnostic technical and feasibility analysis undertaken by Thelo DB.
BOAD et DBSA signent un protocole d’accord de partenariat en faveur de la coopération inter-régionale.
La signature entre la BOAD, la Banque Ouest Africaine de Développement et DBSA, Development Bank of Southern Africa témoigne de la volonté de la BOAD de s’inspirer de l’expérience des autres banques multilatérales sur les sujets relatifs aux questions d’inclusion en Afrique.
Startups have resorted to cutting costs to extend their runway, and acquisition deals have become necessary for survival, particularly with startups operating in the same market
TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, has announced that it has opened a new trade route in Ghana, strengthening the company's presence in Africa after having recently opened new import facilities in Lagos, Nigeria and Nairobi, Kenya.